57 Ocean View Road, Hillcrest, Auckland - North Shore

Nestled in the serene Hillcrest, this 4-bedroom, 2-carpark property on a 769sqm freehold site at 57 Ocean View Road offers a prime opportunity. Constructed in 1950 with wood walls and iron roofing, this home boasts an average condition with a level contour. The government's capital value has seen a meteoric rise from $1,170,000 in 2017 to $1,750,000 in 2021, indicating a growth of nearly 50%. The HouGarden AVM estimates the property at $1,675,000, while the latest sales history shows a significant increase from $287,000 in 2002 to $405,000 in 2004. In terms of education, the property falls within the zones of Willowpark School (Decile 9), Northcote Intermediate (Decile 6), and Northcote College (Decile 7), ensuring top-notch education for the family.

With its strategic location near shopping hubs, recreational facilities, and educational institutions, this property is not just a home but a sound investment. The existing structure provides a perfect canvas for renovation, with a layout that includes 3 living areas, 2 bathrooms, and a seamless flow to the outdoor space. This gold mine has been tenanted at $670pw and is now up for grabs after 20 years, presenting an opportunity not to be missed.

For families with children, the school network is a significant plus. The property is zoned for highly-rated schools, ensuring a quality education for the young ones. This property is a SOLD sign waiting to happen, with open homes already cancelled, signaling high market interest.

Updated on April 23, 2024